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Money laundering

Posted by Oxhead on October 20, 2000

In Reply to: Money laundering posted by Sophie on October 20, 2000

: And - why do we say money 'laundering'? Is it to do with 'launder' as in a channel for liquid, or 'launder' as in cleaning something dirty (ie you move some money to make it appear to be legal rather than 'dirty money')?

The latter explanation is the correct one.